Coregistics, a leading contract packaging company and a portfolio company of Red Arts Capital, is excited to announce the acquisition of Belvika Trade & Packaging (Belvika), a top-tier contract packaging provider specializing in the food and beverage sector. This strategic move positions Coregistics as the largest pure-play contract packaging company in North America by both scale and revenue.
Red Arts Capital acquired Coregistics in June 2022, financing the acquisition through its flagship fund, Red Arts Capital Opportunity Fund I, with substantial co-investment from LPs, family offices, and other strategic investors. Coregistics now generates approximately $350 million in annual revenue, with an extensive North American footprint covering over 3 million square feet of operations.
Founded in 1993 as a family-owned business, Belvika is a full-service supplier of contract packaging and supply chain solutions. The company serves global and rapidly growing brands, offering capabilities in material sourcing, primary and secondary packaging, and merchandising displays. Belvika has been a key partner to top food and beverage brands, including several well-known household names, cementing its status as a market leader.
As part of Red Arts’ value-creation strategy, the Belvika team will play a crucial role in Coregistics’ ongoing operations. The combined entity will benefit from decades of institutional knowledge and experience, further enhancing the customer-centric approach and industry expertise of the expanded organization.
“This acquisition is a major milestone for Coregistics as we extend our reach and strengthen our position as a leader in the contract packaging industry,” said Victor Crawford, Executive Chairman of Coregistics. “We are thrilled to welcome the Belvika team into the Coregistics family. Their deep industry expertise and proven success will be invaluable as we continue to provide exceptional packaging and logistics solutions to our customers.”
With the addition of Belvika’s capabilities, Coregistics is now poised to offer an even broader array of packaging services, ensuring greater flexibility, scalability, and quality for its growing customer base. As demand for innovative and sustainable packaging solutions continues to rise, Coregistics is well-positioned to meet the evolving needs of the market.
“Belvika’s emphasis on high-touch service, safety, and quality—coupled with their unique expertise in primary packaging for food and beverage products—perfectly complements Coregistics’ existing capabilities,” said Chad Strader, Co-Founder and Managing Partner of Red Arts Capital. “Together, we remain committed to delivering superior service to consumer packaged goods companies, emerging brands, and private label clients. This acquisition solidifies our position as North America’s premier contract packaging organization.”
The transaction was supported by debt financing from Brightwood Capital Advisors, Prudential Capital Partners, and Main Street Capital Corporation. Legal advisors for Red Arts Capital were Greenberg Traurig, LLP and Osler, Hoskin & Harcourt, LLP, while Houlihan Lokey served as financial advisor to Belvika.
